What is the concept of probabilistic reasoning?

What is the concept of probabilistic reasoning? How do probability statistics help individuals understand societal trends?

Please answer in APA format.

Solution Preview

Concepts in Probabilistic Reasoning and how they help us understand social trends.

Concepts in Probabilistic Reasoning and how they help us understand social trends.
A Review

Probabilistic reasoning concepts use problem-solving techniques based on the use of probability theory for weighing evidence and inferring conclusions. Probability theory is the branch of mathematics concerned with analysis of random phenomena. The central objects of probability theory are random variables, stochastic processes, ...

Solution Summary

This solution discusses how concepts in reasoning help us understand social trends in 390 words.